Issue of Share Options

RNS Number : 4947Z
Integumen PLC
18 September 2020
 

 

AIM share code: SKIN

18 September 2020

Integumen PLC

("Integumen" or "Company")

Issue of share options

Integumen plc announces that it has adopted a group share option scheme on 18 September 2020 under which Company employees will be eligible for awards.  The share option scheme includes an EMI scheme for UK employees and a Share Options Scheme for Irish employees, all subject to performance criteria.

The Company has granted share options over a total of 1,762,220 ordinary shares ("Shares") of £0.001 per share under the above schemes. Junior staff have been granted options with shorter vesting date and lower exercise price to reward, retain and recognise their contribution to date and their importance to the Company going forward. The EMI share options will lapse on 18 September 2030 and the Irish Share Options will lapse on 17 September 2027. No share options have been granted to PDMRs.

Gerard Brandon CEO Integumen plc commented:

"This share option program   will reward the innovation that has been delivered by all team associates, across the Integumen Group, and put in place, motivation for our most valuable assets to continue to deliver shareholder value over the next 3 years."

 

Number of options

Exercise price per Share

Vesting dates

Scheme under which options granted

310,320

£0.001

31/12/20 : 30%

31/3/21 : 35%

30/6/21 :35%

UK EMI Scheme

492,970

£0.355

1/1/21 : 30%

1/1/22 : 35%

1/1/23 :35%

UK EMI Scheme

42,250

£0.001

31/12/20 : 30%

31/3/21 : 35%

30/6/21 :35%

Ireland Share Option Scheme

916,680

£0.30

1/1/21 : 30%

1/1/22 : 35%

1/1/23 :35%

Ireland Share Option Scheme

 

 

Integumen plc

Gerard Brandon, CEO

+44 (0) 7340 055 648

 

 

 

SPARK Advisory Partners Limited

(Nominated Adviser)

Neil Baldwin/Andrew Emmott

+44 (0) 113 370 8974

 

 

 

Turner Pope Investments (TPI) Limited (Broker)

Andy Thacker/Zoe Alexander

+44 (0) 20 3657 0050

 

 

 

 

About Integumen plc:

Integumen is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

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